Bitcoin is a digital currency that doesn't rely on a main authority for bookkeeping but rather is wholly open-source, peer-to-peer network for cash, something unparalled in the history of human economics. But are individuals, their representatives and businesses ready with this new kind of currency?
Bitcoin can remove in some places and countries prior to expected with regards to the political climate. In case a government destroys and debases its currency, then it is bound to grow in popularity. That's what happened in Argentina when the government converted local currency denominated bonds into US Dollar denominated bonds at a change rate that has been fixed by the government. Bitcoin use in the country shot through the roof following this, and it is still accelerating (measured with regards to wallet downloads per month).
Cyprus was another good example - when the government tried to seize people's money, Free Bitcoins Online 2019 took off in the country because it is much more fluid on a global scale and could be sent instantaneously to some other person anywhere on earth without the need of any government intervention. This also ensures that realistically, the government cannot control the supply and demand of Bitcoins within its borders.
Obviously poor governance is just one side of the equation. Economics dictates the other. Bitcoin will take off in places that thrive on entrepreneurship and where in fact the policies are favorable. Business owners will find the utilization of Bitcoin to be incredibly more efficient than the prevailing payment system that the entire world has that is founded on credit cards, because merchants need to cover the charge card companies anywhere from 2-4%. If all transactions were purely in Bitcoin, without the conversion to fiat at all, then a transaction fees for the business enterprise is zero. Literally zero. You are able to send and receive money for free through the Bitcoin network. That's what makes the economics of using Bitcoin so powerful.
A few of the cities that are ahead in this innovation are the familiar names like San Fransisco and New York but in addition the lesser known entrepreneurial cities like Berlin, that includes a huge thriving market for Bitcoins.
When people in a town or country see Bitcoin as a shop of value and simultaneously notice it as a payment system that eases the present burden on merchants, Bitcoin has got the potential to take off. It's happened in the past and it probably will happen in the future. Obviously you usually need the entrepreneurial spirit and risk-taking to dethrone a decades old existing incumbency, but the good thing is, it is happening all around the world simultaneously.